Filed December 21, 2024
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Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $74,613 | $69,977+6.6% | $108,582-31.3% | $62,881+18.7% |
| Participation rate | 62.2% | 72.9%-10.7pp | 79.6%-17.3pp | 69.3%-7.1pp |
| Annual return | 7.64% | 10.73%-3.1pp | -51.70%+59.3pp | 20.14%-12.5pp |
| Employer contribution / active EE | $645 | $2,135-69.8% | $3,758-82.8% | $2,281-71.7% |
| Participant deferral / active EE | $3,305 | $3,165+4.4% | $4,311-23.3% | $3,203+3.2% |
| Admin fee / account holder | $1,239 | $5,076-75.6% | $7,645-83.8% | $4,296-71.2% |